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AECOM to Sell Government Contracting Biz to Investment Group for $2.4B
AECOM announced Monday it plans to sell its government contracting business for $2.4 billion to two investment firms rather than advancing its previous plan to spin the branch off into a stand-alone public company. Affiliates of New York City-based American Securities and Lindsay Goldberg are joining to buy AECOM’s Management Services business. In June, AECOM announced plans for a 2020 initial public offering for the Management Services group, which holds billions of dollars’ worth of contracts with the Energy Department and Department of Defense. However, the infrastructure and engineering giant quickly received offers from parties interested in buying the business outright. “When we announced the spin we immediately had inbound…
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Weapons Complex Morning Briefing
Supreme Court Will Not Hear MFFF Case
The U.S. Supreme Court on Tuesday declined without comment to hear South Carolina’s argument that an appeals court illegally denied the state its right to contest the Department of Energy’s decision to close an over-budget, behind-schedule plutonium-disposal plant last year.…
Weapons Complex Monitor
Hanford Mission Support Contract Expected Soon, DOE Procurement Manager Says
KNOXVILLE, Tenn. -- Barring unforeseen circumstances, the U.S. Energy Department’s Office of Environmental Management expects soon to award the potential 10-year, $6 billion support services contract for the Hanford Site in Washington state, an agency procurement official said Wednesday. The…
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RadWaste Monitor
NRC Still Considering Pilgrim Plant License Transfer Interventions After Sale
The U.S. Nuclear Regulatory Commission is still reviewing two petitions for intervention in the license transfer proceeding for the Pilgrim Nuclear Power Station in Massachusetts, even though it approved the transfer in August ahead of the sale of the retired…
Nuclear Security & Deterrence Monitor
NNSA Formalizes Decision to Continue UPF Construction Following Court Paperwork Order
The U.S. National Nuclear Security Administration (NNSA) on Oct. 4 formalized its decision to continue building the Uranium Processing Facility in Oak Ridge, Tenn., even as the agency complies with a federal court order to conduct an additional environmental review…
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